This report provides an in-depth analysis of. The cost of cashew nuts in Nigeria depends on many market factors, such as the country's economic situation, the rate of inflation, the rate of deflation or demand at a given time. Cashew is found both in the wild and in cultivation in 16 of Nigeria's 36 states, with an average annual production of around 250,000 tons of cashew nuts. In its efforts to increase cashew nut production, the federal government has launched a cashew development program that is currently underway.
The Nigeria News Agency (NAN) reports that more than 30 countries are participating in the four-day conference with the theme “Strengthening the sustainable marketing of grains and by-products in the African cashew industry”. The best place to buy cashew nuts is to start by finding suppliers and manufacturers (farmers) of cashew nuts in Nigeria and connecting with them. According to exporters, the price of cashew in Nigeria, the sixth largest producer in the world, has fallen by 60 percent in the last 12 months to its lowest level in 3 years, and they blame this on its inability to comply with its contractual agreements on time. The price of one (ton) of cashew nuts in Nigeria ranges from four hundred thousand nairas (400,000) to six hundred thousand nairas (650,000 pounds sterling).
Nigeria's cashew is usually harvested between February and June, although farmers store the crop and export it year-round. The minister also emphasized the need to appreciate the importance of developing strategies to commercialize competition in the production and processing of cashew nuts. But to make things easier for buyers, you can easily contact cashew nut suppliers and order cashew nuts online by visiting major websites that sell cashew nuts. The minister also expressed the Federal Government's commitment to relevant technologies and capacity that would boost the development of the cashew value chain.
Adebayo said that the only way to increase the contributions of cashew nuts to the national economy is to transform raw cashew nuts. Other factors that can greatly affect or determine the prices of cashew nuts are the quantity (whether in kg, per ton, per gram, in bags, etc.) Since the liberalization of the commodity market in 1986, many companies have embarked on the production and export of cashew nuts. He assured that the Federal Government would ensure an enabling environment for companies producing, processing and exporting cashew nuts to thrive. Mr.
Babatola Faseru, president of the African Cashew Alliance (ACA), said that cashew nuts were taking center stage in Africa.